SC Exam Prep Additional South Carolina
Statutes and Topics Latest Update 2025-2026
Questions and 100% Verified Correct Answers
Guaranteed A+
A fire occurred in the unit that Tim is leasing and the unit is no longer habitable. The
cause of the fire was due to electrical issues in the kitchen. What remedy does Tim
have?
Topic: Additional South Carolina Statutes and Topics
Subtopic: Residential Landlord and Tenant Act
Tim may demand three months' free rent for his inconvenience.
Tim may notify the landlord in writing within seven days of his intent to terminate and
vacate.
Tim must find separate lodgings while the landlord repairs the unit.
Tim must pay for the repair himself. - CORRECT ANSWER: In the event of a fire or
other serious damage (provided it's not caused by the tenant), the rental agreement will
terminate as of the date the tenant leaves, and the landlord must return the tenant's
security deposit and prepaid rent.
After being evicted for late payment, under South Carolina law what action might the
landlord legally take if the tenant left belongings behind?
A. The landlord is required under law to keep the tenant's items until claimed.
B. The landlord can place the tenant's belongings on the curb and have them removed
by the local trash haulers 48 hours after eviction.
C. The landlord must call the local authorities for disposal.
D. After 15 days, the landlord may enter the property and dispose of personal property. -
CORRECT ANSWER: The landlord may place an evicted tenant's personal possessions
by a public street or highway and have them removed by the trash haulers on their
scheduled run, or remove them for disposal 48 hours post-eviction.
, Dean qualifies for the homestead exemption in South Carolina. How long has he been a
resident of the state?
A. At least three years as of the date of application
B. At least three years as of December 31 of the year before application
C. At least one year as of the date of application
D. At least one year as of December 31 of the year before application - CORRECT
ANSWER: Homestead exemption applicants must have been a South Carolina resident
for at least one year on or before December 31 of the year prior to applying for
exemption. In other words, if Dean is applying for homestead exemption starting in
2020, this means that on December 31, 2019 he must have been a South Carolina
resident for at least one year. Keep in mind that residency isn't the only factor that
qualifies someone for homestead exemption. The applicant must also have fee simple
or life estate ownership of their primary residence and either be at least 65 years of age,
100% disabled, or legally blind.
Erin is purchasing a new house in South Carolina for $160,000. She's financing 90% of
the sales price. What does the Consumer Protection Code permit in terms of
prepayment penalties?
A. A prepayment penalty isn't permitted on any loans.
B. A prepayment penalty isn't permitted on Erin's loan because the loan is for $150,000
or less.
C. A prepayment penalty is permitted but can't be more than 2% of the prepaid amount.
D. A prepayment penalty is permitted if the APR on Erin's loan is 2% more than rates on
conventional mortgages. - CORRECT ANSWER: Prepayment penalties aren't permitted
on loans of $150,000 or less. For other loans, a prepayment penalty may be charged if
the loan's APR isn't more than 2% above the conventional mortgage rate and the
penalty isn't more than 2% of the amount prepaid.
Georgina is selling her South Carolina home to Stanley at a price of $250,000. Stanley
is financing 80% of the purchase. How much will the transfer fees be?
A. $400
B. $740
C. $500
Statutes and Topics Latest Update 2025-2026
Questions and 100% Verified Correct Answers
Guaranteed A+
A fire occurred in the unit that Tim is leasing and the unit is no longer habitable. The
cause of the fire was due to electrical issues in the kitchen. What remedy does Tim
have?
Topic: Additional South Carolina Statutes and Topics
Subtopic: Residential Landlord and Tenant Act
Tim may demand three months' free rent for his inconvenience.
Tim may notify the landlord in writing within seven days of his intent to terminate and
vacate.
Tim must find separate lodgings while the landlord repairs the unit.
Tim must pay for the repair himself. - CORRECT ANSWER: In the event of a fire or
other serious damage (provided it's not caused by the tenant), the rental agreement will
terminate as of the date the tenant leaves, and the landlord must return the tenant's
security deposit and prepaid rent.
After being evicted for late payment, under South Carolina law what action might the
landlord legally take if the tenant left belongings behind?
A. The landlord is required under law to keep the tenant's items until claimed.
B. The landlord can place the tenant's belongings on the curb and have them removed
by the local trash haulers 48 hours after eviction.
C. The landlord must call the local authorities for disposal.
D. After 15 days, the landlord may enter the property and dispose of personal property. -
CORRECT ANSWER: The landlord may place an evicted tenant's personal possessions
by a public street or highway and have them removed by the trash haulers on their
scheduled run, or remove them for disposal 48 hours post-eviction.
, Dean qualifies for the homestead exemption in South Carolina. How long has he been a
resident of the state?
A. At least three years as of the date of application
B. At least three years as of December 31 of the year before application
C. At least one year as of the date of application
D. At least one year as of December 31 of the year before application - CORRECT
ANSWER: Homestead exemption applicants must have been a South Carolina resident
for at least one year on or before December 31 of the year prior to applying for
exemption. In other words, if Dean is applying for homestead exemption starting in
2020, this means that on December 31, 2019 he must have been a South Carolina
resident for at least one year. Keep in mind that residency isn't the only factor that
qualifies someone for homestead exemption. The applicant must also have fee simple
or life estate ownership of their primary residence and either be at least 65 years of age,
100% disabled, or legally blind.
Erin is purchasing a new house in South Carolina for $160,000. She's financing 90% of
the sales price. What does the Consumer Protection Code permit in terms of
prepayment penalties?
A. A prepayment penalty isn't permitted on any loans.
B. A prepayment penalty isn't permitted on Erin's loan because the loan is for $150,000
or less.
C. A prepayment penalty is permitted but can't be more than 2% of the prepaid amount.
D. A prepayment penalty is permitted if the APR on Erin's loan is 2% more than rates on
conventional mortgages. - CORRECT ANSWER: Prepayment penalties aren't permitted
on loans of $150,000 or less. For other loans, a prepayment penalty may be charged if
the loan's APR isn't more than 2% above the conventional mortgage rate and the
penalty isn't more than 2% of the amount prepaid.
Georgina is selling her South Carolina home to Stanley at a price of $250,000. Stanley
is financing 80% of the purchase. How much will the transfer fees be?
A. $400
B. $740
C. $500
